CBA news

  • Bank margins not as bad as claimed by Adam Smith

    Banks have claimed shrinking margins are at fault for their decision to hold back part of the RBA's rate cuts, but RBA figures show the situation may not be as dire as claimed

  • Major slashes mortgage jobs by Adam Smith

    A major bank is set to slash mortgage processing jobs with the closure of one of its service centres

  • Big four have held back 55bps from borrowers by Adam Smith

    The major banks have held back an average of 55bps of the RBA's cash rate cuts since September 2008

  • Business booms, as promises pay off by Mackenzie McCarty

    The coalface: For Aaron Giles of Newcastle-based Australian Property Finance, being a broker comes down to delivering on promises and “being nice to people”

  • Only one lender passes on full RBA cut by Adam Smith

    Only one bank has thus far passed on the RBA's 50bp cut in full, with the majors holding back on home loan customers

  • RBA cut held banks’ ‘feet to the fire’ by Adam Smith

    The Reserve Bank’s 50bp cut, in one economist’s view, was an attempt to “hold the banks’ feet to the fire” on mortgage rates.